UPDATE 2-Skyworks Q2 results beat Street view, sees strong Q3
* Q2 adj EPS $0.12 vs est. $0.10
* Q2 rev down 14 pct
* Sees Q3 adj EPS $0.14 vs est. $0.12 * Sees Q3 rev up 5 pct sequentially (Adds details, CEO comments, updates share movement)
By Bijoy Anandoth Koyitty
BANGALORE, April 23 (Reuters) - Cell phone chipmaker Skyworks Solutions Inc (SWKS.O) reported better-than-expected quarterly results, mainly helped by increasing demand for smartphones and push-to-talk applications.
The diversification strategy of entering and expanding in high-margin markets such as smartphones and analog product catalogue business has helped, Chief Executive David Aldrich said in an interview.
Market-share gains in third-generation (3G) mobile services and among smartphone suppliers, and strength in emerging markets such as China, India and Central America would drive growth for Skyworks in the next one year, Aldrich said.
Skyworks, whose customers include Sony Ericsson and Samsung Electronics Co Ltd (005930.KS), gets almost three-fourths of its revenue from handset business.
It competes with RF Micro Devices Inc (RFMD.O), Anadigics Inc (ANAD.O) and TriQuint Semiconductor Inc (TQNT.O) in the mobile platform space.
For the second quarter, the company reported a loss of $4.6 million, or 3 cents a share, compared with earnings of $16.7 million, or 10 cents a share, in the year-ago period.
Excluding items, it earned 12 cents a share. Revenue fell by 14 percent to $173 million.
Analysts on average were expecting earnings of 10 cents a share, before items, on revenue of $168.3 million, according to Reuters Estimates.
For the third quarter, Skyworks forecast adjusted earnings of 14 cents a share. The company also expects revenue to be up 5 percent sequentially.
Analysts were expecting earnings of 12 cents a share, before items, on revenue of $178 million.
Shares of the company were down 3 percent at $9 in trading after the bell. They closed at $9.25 Thursday on Nasdaq. (Editing by Saumyadeb Chakrabarty and Deepak Kannan)
